4335 Airport RdColorado Springs, CO 80916

Property Details for 4335 Airport Rd

Year built

1984

Construction

WOOD FRAME

Lot size

3.66 AC

Property size (Sq ft)

15,137 SF

Zone code

PBC UV CU AO

Property type

Retail properties

Property subtype

Strip malls

APN

6423102039

APU

6423102039

Description

This exceptional retail opportunity presents itself at Murray Airport Plaza, a well-established shopping center in El Paso County's Colorado Springs submarket. The property boasts a total of 25,818 square feet, offering multiple tenancy options. Currently, there are two available spaces, with a minimum divisible size of 1,200 square feet and a maximum of 3,600 square feet, totaling 6,300 square feet of vacant space. The center enjoys a prime location near the Colorado Springs Airport and Academy Boulevard, ensuring high visibility and convenient access for customers. Built in 1985, the property benefits from its established presence within a thriving retail area, surrounded by numerous other prominent businesses. This presents a unique chance for businesses seeking a well-positioned space in a high-traffic location to establish or expand their operations. The flexible space options cater to a variety of retail needs, making it an ideal investment for both established brands and emerging businesses. The proximity to the airport and major thoroughfares guarantees significant foot traffic and exposure, making this a truly compelling retail investment opportunity. The cross street is Airport Road.

• CAP approach

  CAP return

  Valuation

  6%

  $4,867,140

  6.5%

  $4,492,744

  7%

  $4,171,834

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,151,560

  Geo Method

  $3,151,560

• Alternative Use

  Use

  Valuation

  Residential

  $3,789,798

  Hospitality

  $3,471,435

  Educational

  $2,888,193

  Medical

  $2,987,522

  Retail

  $4,492,744

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8248

Longitude

-104.748

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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